Loan delinquencies fell nationally in the first quarter of the year, with the exception of construction loans, which saw a 30-basis-point improvement from the fourth quarter of 2010, according to estimates for the first-quarter 2011 released today by analytics firm Trepp. “The recovery in delinquency rates that began in the second quarter of 2010 appears to have stalled,” said Matt Anderson, a managing director at Trepp. “This underscores the fact that markets have not yet truly recovered.” TRD [more]

The pace of delinquencies on commercial mortgages continues to rise at an accelerated pace, expanding 60 basis points to 4.7 percent in the third quarter, Applied Analytics has estimated. The number is double what it was a year ago, but below the third-quarter 2001 rate of 8 percent. Delinquent commercial and industrial loans rose 50 basis points to 4.2 percent, while in residential mortgages, the rate was 11 percent, up 80 basis points from a year earlier. Delinquent loans shot up by 190 basis points to 18.2 percent for construction lending. The firm used earnings reports and call report filings to come up with an early forecast, though official third-quarter numbers will be released late next month.

The dollar value of securitized commercial loans 30 days or more
delinquent in the greater New York City metropolitan area fell 17
percent in July compared to a month earlier, a new report by
commercial mortgage research firm Trepp said. There were 92 delinquent loans with a total value of $1.4 billion in
July in the region, compared with 101 loans with a total value of $1.7
billion in June, the data shows. Nationwide, the percentage of delinquent CMBS loans was 3.7 percent,
down from 4 percent in June, but up sharply from the rate of 1.4
percent seen seen six months ago, Trepp figures show. [more]